External Auditing and Compliance Services

The Vendor is required to provide for external auditing and compliance services.
- These services shall include, but are not limited to, financial statement audits, compliance audits, internal control evaluations, and reporting in accordance with applicable governmental auditing standards, laws, and regulations.
- The City desires the independent Auditor to express an opinion on the fair presentation of the City's basic financial statements in conformity with generally accepted accounting principles.
- The Auditor is to provide an "in-relation-to" opinion on the supporting schedules based on the auditing procedures applied during the audit of the government-wide and fund financial statements and schedules. 
- The Auditor is not required to audit the introductory or statistical sections of the report.
- The City also desires the Auditor to express an opinion on the fair presentation of its government-wide and fund financial statements and schedules in conformity with generally accepted accounting principles. 
- The Auditor is not required to audit the supporting schedules contained in the annual comprehensive financial report.
- The Auditor shall also be responsible for performing certain limited procedures involving required supplementary information required by the Governmental Accounting Standards Board, as mandated by generally accepted auditing standards.
- The Auditor is required to examine the Report of Surtax-Funded Municipal Transportation Projects, in accordance with the Surtax Agreement and applicable reporting standards.
- The Auditor's responsibility under generally accepted auditing standards, and assurances that the independent Auditor is currently licensed, and that the members of the audit team have the minimum required Continuing Professional Education credits required for performing audits under Governmental Auditing Standards.
- The Auditor shall turn around review comments to drafts of the financial statements provided within eight (8) business days from the receipt of such drafts.